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Opinion
OPEC+ strikes a deal to avoid oil glut
- 04 December 2020
The production cuts agreed by the OPEC+ group in April have been highly effective in rebalancing the oil market after the pandemic sent demand plunging. With hopes growing of a stronger rebound next year, some countries, led by the United Arab Emirates, have been calling for OPEC+ to stick to its plan to allow almost 2 million b/d of extra production in January. But demand is expected still to be weak in the first quarter at least, as the Covid-19 vaccines begin to be rolled out. An OPEC+ production increase of that size would have risked an oversupplied market and falling crude prices. Facing that risk, the OPEC+ ministers pulled back from the brink and agreed a production increase of just 500,000 b/d, to be reviewed for possible further increases every month.
The Edge
The Euro Majors’ big bet on new energy
- 04 December 2020
The Euro Majors are building new energy businesses as a key part of net carbon-neutral targets for 2050. How and when will they be able to demonstrate value from renewables investments?
Horizons
Taking the strain: how upstream could meet the demands of a delayed energy transition
- 16 January 2025
We answer five key questions in this edition of Horizons. Where would the additional oil and gas supply come from? Could the supply chain cope? How much more upstream investment would be needed? How would cost inflation affect the price of oil and gas? And can the industry amend its disciplined approach?
News Release
Record year for Chinese overseas power projects: 24 GW installed in Belt & Road countries
- 27 January 2025
Chinese companies have made a significant milestone in their overseas power development, installing a record 24 gigawatts (GW) of capacity in Belt & Road (B&R) countries in 2024, according to a new report from Wood Mackenzie. This record number marks a doubling of the capacity installed in 2023 a...
News Release
Top ten solar PV module manufacturers show resilience in H1 2024 despite facing significant headwinds, Wood Mackenzie says
- 23 January 2025
solar ranking
12943 related products from the Store that match
- Insight
  2025 tight oil costs: tariffs, trade and oil price turmoil
  - 30 April 2025
  Tariffs are rewriting the cost landscape—unevenly. OCTG prices are projected to be 40% higher year over year by Q4 2025 due to new steel tariffs—but what does that mean for D&C costs? Can services like rigs and pressure pumping command higher rates in a market where activity is trending downward?
- Country Report
  Azerbaijan upstream summary slides
  - 30 April 2025
  We provide an upstream summary slide-pack on Azerbaijan. The report includes an overview of country trends and activities with analysis on key projects, company value, costs, production, and fiscal terms. The slides complement our more detailed upstream summary. Please refer to the main Azerbaijan upstream summary for a detailed description of reserves, production, infrastructure and fiscal terms…
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News Release
India needs US$4.3 billion government support to enable CCUS adoption
- 06 March 2025
India needs US$4.3 billion government support to enable CCUS adoption The country to account for close to 15% of Asia Pacific’s CCUS capacity by 2050
News Release
Trade and supply chain barriers delay impact of historic clean energy law
- 13 December 2022
The U.S. added 4.6 gigawatts (GW) of new solar capacity in Q3 2022, a 17% decrease from the same quarter last year as trade barriers and ongoing supply chain constraints continue to slow America’s clean energy progress. These disruptions will cause a 23% decline in solar installations this year compared to 2021, according to the U.S. Solar Market Insight Q4 2022 report released today by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, a Verisk business.
News Release
Q3 U.S. grid-scale energy storage market sets new record
- 15 December 2022
The U.S. energy storage market grid-scale segment installed a record 4,733 megawatt-hours (MWh) in the third quarter of 2022, surpassing the previous quarterly high of 4,598 MWh in Q1 of 2021, according to a new report released today. On a single charge, this amount of battery storage could power over 150,000 U.S. homes for a day.
News Release
Long-duration energy storage projects attract more than US $58 billion investment over last three years
- 07 December 2022
Long-duration storage energy (LDES) projects around the world have attracted more than US $58 billion in commitments made by governments and companies since 2019. If all these projects went forward, it would lead to the installation of 57 gigawatts (GW) of LDES – the equivalent of three times the global energy-storage capacity deployed in 2022, according to analysis from Wood Mackenzie.
News Release
Potential US refined oil product export ban would challenge already constrained global markets and refining systems
- 25 October 2022
A proposed US refined product export ban would save US consumers at the gasoline pump but pose significant challenges and costs to US and global refining systems, according to a recent analysis from Wood Mackenzie.
Content
Avoiding pand-ammonia: how to kick-start a global low-carbon ammonia industry
- 17 November 2022
Ammonia shapes modern life in every way imaginable. As the basis for all nitrogen fertilisers, industrial ammonia has truly changed the world.
News Release
Wood Mackenzie launches Lens Gas & LNG
- 15 November 2022
Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, has launched Lens Gas & LNG, a new data analytics solution that offers a uniquely integrated view that connects markets and assets on a global scale.
News Release
LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033
- 17 November 2022
Driven by a surge in LNG exports, the North America natural gas market will support 29 billion cubic feet per day (bcfd) of production from 2022-2033, tripling its current market size, according to a new report from Wood Mackenzie.
News Release
OPEC+ prepares for market uncertainty with continued 2 million b/d production cut
- 06 December 2022
Speaking after today’s OPEC+ meeting, Ann-Louise Hittle, vice president, Macro Oils, at Wood Mackenzie, said “The decision by OPEP+ to continue with its recently agreed 2 million barrels per day (b/d) production cut through the end of 2023 is not a surprise, given the uncertainty in the market over the impact of the 5 December EU Russia crude oil import ban and the G7 price cap. In addition, the producers group faces downside risk from the potential for weakening global economic growth and China’s zero Covid policy.”
News Release
New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035
- 06 December 2022
With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining reserves by 980 million barrels of oil equivalent (mmboe) by 2035, according to a report from Wood Mackenzie, a Verisk business.
Opinion
Debut of the first EU carbon border tax
- 30 January 2023
In December, 2022, the EU reached a provisional agreement on a first-of-its-kind Carbon Border Adjustment Mechanism (CBAM).
Webinar
Wood Mackenzie at Canada West Foundation 2023
- 14 February 2023
Join us as we share our views around Canadian LNG exports and future opportunities to support Japan and Korea’s energy needs.
Content
Products Security and Privacy
- 25 January 2023
Supply Chain Intelligence Platform TOUs Supply Chain Intelligence Platform Privacy Statement
News Release
US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031
- 19 January 2023
The Inflation Reduction Act (IRA), flagship legislation focused on accelerating decarbonisation in the US, will significantly boost annual investment into renewable energy deployment in the region. A rise from US$64 billion in 2022 to nearly US$114 billion is expected by 2031, according to Wood Mackenzie, a Verisk business (Nasdaq: VRSK).
News Release
Norway to earn over US$200 billion from oil and gas sector in 2023
- 16 January 2023
Norway’s oil and gas operations in the North Sea will continue to churn out cash as the Scandinavian country maintains high production to help support Europe’s energy crisis according to a report by Wood Mackenzie.
News Release
Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023
- 06 February 2023
Wood Mackenzie, the leading provider of decision intelligence for the world’s natural resources sector, today launched the Electric Vehicles and Battery Supply Chain Service (EVBSC) at the Mining Indaba 2023 conference in Cape Town, South Africa. The EVBSC is a new product that provides end-to-end detailed analysis and forecasts of the electric transportation value chain including quarterly long-term outlooks to 2050 and 10-year forecasts, and monthly short-term reports and data for EV, Li-ion battery and raw materials (lithium, nickel, cobalt, graphite and manganese) markets.
News Release
Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced
- 23 February 2023
The total global announced capacity for hydrogen projects reached 71.4 million tonnes per annum (Mtpa), but 2022 falls short of becoming a record year according to latest analysis from Wood Mackenzie.
News Release
US community solar growth slowed 16% in 2022; national market expected to double by 2027
- 15 February 2023
US community solar installed capacity declined 16% in 2022 compared to last year, primarily driven by interconnection delays hindering growth in key state markets such as Massachusetts, Maine, and Maryland. Industry-wide supply chain constraints also pushed project timelines into 2023, according to the latest report released by Wood Mackenzie in collaboration with the Coalition for Community Solar Access (CCSA).
News Release
Renewable power competitiveness in Asia Pacific worsened in 2022
- 14 February 2023
The levelised costs of electricity (LCOE) for utility solar and onshore wind in Asia Pacific were up 16% and 12% respectively since 2020, as equipment, construction costs and interest rates rose in the region. The trend is expected to reverse in 2023, but volatility risks including geopolitical tensions, trade policy and financing remain according to latest analysis from Wood Mackenzie.
Webinar
EV charging energy management for workplaces, businesses and fleets
- 12 April 2023
PowerFlex joins Wood Mackenzie on this webinar replay to discuss important energy management tools and strategies for installing and operating EV charging solutions onsite.
News Release
Global policy support for nuclear expands to address challenges of reliable, low-carbon energy supplies
- 22 March 2023
As nations look for more low-carbon energy supplies, many are adjusting energy policies to support new nuclear projects and developing new technologies that will make this energy source more cost-competitive, according to a new report from Wood Mackenzie.
Content
About Us
- 17 March 2023
Over the past four decades, we've grown into a global energy research & consultancy business that provides data & intelligence to our clients. Find out more.
Content
About Us: Our People
- 15 March 2023
Meet our team driving our vision. From analysts, consultants, data scientists & strategists. Our diversity helps us to stay close to you & your needs.
News Release
US energy storage market continues to expand rapidly
- 15 March 2023
Across all segments of the industry, the U.S. energy storage market installed 4.8 gigawatts (GW) of capacity in 2022, nearly equal to the combined 2020 and 2021 installed capacity of 5 GW, becoming a record year for battery storage. This is according to ACP and Wood Mackenzie’s latest U.S. Energy Storage Monitor report released today.
News Release
California dwarfs all other VPP markets in North America
- 29 March 2023
California dwarfs all virtual power plant (VPP) markets in North America, housing 24% of projects in the region, according to Wood Mackenzie’s ‘North America VPP market: H1 2023’ report.

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Search results: 4778

OPEC+ strikes a deal to avoid oil glut

The Euro Majors’ big bet on new energy

Taking the strain: how upstream could meet the demands of a delayed energy transition

Record year for Chinese overseas power projects: 24 GW installed in Belt & Road countries

Top ten solar PV module manufacturers show resilience in H1 2024 despite facing significant headwinds, Wood Mackenzie says

12943 related products from the Store that match

2025 tight oil costs: tariffs, trade and oil price turmoil

Azerbaijan upstream summary slides

India needs US$4.3 billion government support to enable CCUS adoption

Trade and supply chain barriers delay impact of historic clean energy law

Q3 U.S. grid-scale energy storage market sets new record

Long-duration energy storage projects attract more than US $58 billion investment over last three years

Potential US refined oil product export ban would challenge already constrained global markets and refining systems

Avoiding pand-ammonia: how to kick-start a global low-carbon ammonia industry

Wood Mackenzie launches Lens Gas & LNG

LNG exports drive expansion of North American natural gas market, adding 29 bcfd of production by 2033

OPEC+ prepares for market uncertainty with continued 2 million b/d production cut

New mid-caps in Brazil aim to increase mature asset reserves almost 1 billion boe by 2035

Debut of the first EU carbon border tax

Wood Mackenzie at Canada West Foundation 2023

Products Security and Privacy

US climate bill to boost domestic annual renewables investment to nearly US$114 billion by 2031

Norway to earn over US$200 billion from oil and gas sector in 2023

Wood Mackenzie Launches the Electric Vehicles and Battery Supply Chain Service at Mining Indaba 2023

Global hydrogen pipeline plummets in Q4, with only 1Mtpa of new projects announced

US community solar growth slowed 16% in 2022; national market expected to double by 2027

Renewable power competitiveness in Asia Pacific worsened in 2022

EV charging energy management for workplaces, businesses and fleets

Global policy support for nuclear expands to address challenges of reliable, low-carbon energy supplies

About Us

About Us: Our People

US energy storage market continues to expand rapidly

California dwarfs all other VPP markets in North America